Gareth Davies
Conservative - Grantham and Bourne
4,496 (9.7%) majority - 2024 General ElectionFirst elected: 12th December 2019
Shadow Minister (Business and Trade)
(since July 2025)1 APPG Officer Position (as of 12 Jan 2026)
Private Capital2 APPG Memberships
Explosive Weapons and their Impact, Financial Education for Young People4 Former APPG Officer Positions
Environmental, Social, and Governance, Financial Markets and Services, Sustainable Finance, VeteransDivision Voting information
Debates during the 2024 Parliament
Speeches made during Parliamentary debates are recorded in Hansard. For ease of browsing we have grouped debates into individual, departmental and legislative categories.
Sparring Partners
(14 debate interactions)
(10 debate interactions)
Department Debates
(95 debate contributions)
(12 debate contributions)
(4 debate contributions)
(2 debate contributions)
Legislation Debates
(6,665 words contributed)
(6,353 words contributed)
(1,551 words contributed)
(1,169 words contributed)
Grantham and Bourne Petitions
e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.
If an e-petition reaches 10,000 signatures the Government will issue a written response.
If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).
of 36,012 signatures (0.43%)
of 30,724 signatures (0.37%)
of 116,620 signatures (0.35%)
of 58,948 signatures (0.24%)
of 69,229 signatures (0.24%)
of 685,603 signatures (0.18%)
of 116,620 signatures (0.35%)
of 182,617 signatures (0.22%)
of 194,772 signatures (0.19%)
of 149,275 signatures (0.21%)
Latest EDMs signed by Gareth Davies
Commons initiatives
These initiatives were driven by Gareth Davies, and are more likely to reflect personal policy preferences.
MPs who are act as Ministers or Shadow Ministers are generally restricted from performing Commons initiatives other than Urgent Questions.
Gareth Davies has not been granted any Urgent Questions
Gareth Davies has not been granted any Adjournment Debates
2 Bills introduced by Gareth Davies
A Bill to extend eligibility to paternity leave and pay; to make provision for more flexibility in the timing of, and notice period for, paternity leave; and for connected purposes.
Friday 6th May 2022
A Bill to extend eligibility to paternity leave and pay; to make provision for more flexibility in the timing of, and notice period for, paternity leave; and for connected purposes.
Monday 20th June 2022
2 Bills co-sponsored by Gareth Davies
Unauthorised Development (Offences) Bill 2021-22
Sponsor - Gareth Bacon (Con)
Recall of MPs (Change of Party Affiliation) Bill 2019-21
Sponsor - Anthony Mangnall (Con)
Latest 50 Written Questions
(View all written questions)The Cabinet Office does not hold information on the estimated number of people employed by private sector organisations contracted by Government Departments to deliver public services. Individual departments are responsible for managing their contracts in the usual way.
Minister of State (Education)
The information requested falls under the remit of the UK Statistics Authority.
A response to the Hon. Gentleman’s Parliamentary Question of 21 November is attached.
Minister of State (Education)
The British Business Bank’s strategic mandate was published on 21 October 2025 and sets out the Bank’s mission, four objectives and two key performance indicators.
The Department receives quarterly performance updates on the Bank’s activities, including investment decisions, and monthly financial reports. The Secretary of State as sole shareholder is represented on the Board by a director from UK Government Investments, who reports to him on relevant matters. The Minister for Small Business and Economic Transformation meets the Bank’s CEO, Louis Taylor, each month. This reporting framework provides assurance that the Bank is investing in line with its strategic priorities.
Parliamentary Under Secretary of State (Department for Business and Trade)
The Department sets the overall strategic direction for the British Business Bank, which is operationally independent and carries out its own due diligence. The Department does not seek to assess the merits of individual investments within the Bank’s portfolio.
The British Business Bank’s investment in Kraken Technologies is aligned with its strategic mandate published on 21 October 2025. This sets the Bank four objectives, the first of which is to “support our most promising businesses in the Industrial Strategy priority sectors to scale and stay here.”
Parliamentary Under Secretary of State (Department for Business and Trade)
The Department has not sought to make such an estimate, as this is a question that the British Business Bank considers alongside other matters when carrying out due diligence on its investments. The Bank is operationally independent.
The overall ratio of private capital crowded in by the British Business Bank is reported annually in its Impact Report. In 2024/25 the Bank crowded in £3bn of private capital from £1.2bn public finance representing a ratio of 2.5:1 for every pound of public capital invested.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Business Bank first informed officials of its investment into Kraken Technologies on 7 January 2026. This was part of a regular report to the Department on completed transactions. Ministers were notified shortly afterwards.
Discussions prior to 20 January focused on the Secretary of State’s visit to Kraken Technologies, which took place on 19 January. This was his last meeting with Octopus Group companies.
The Minister for Small Business and Economic Transformation met Octopus Group founder Chris Hulatt on 23 October 2025 and founder of Octopus Energy Group Greg Jackson on the 8th January 2026.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Business Bank first informed officials of its investment into Kraken Technologies on 7 January 2026. This was part of a regular report to the Department on completed transactions. Ministers were notified shortly afterwards.
Discussions prior to 20 January focused on the Secretary of State’s visit to Kraken Technologies, which took place on 19 January. This was his last meeting with Octopus Group companies.
The Minister for Small Business and Economic Transformation met Octopus Group founder Chris Hulatt on 23 October 2025 and founder of Octopus Energy Group Greg Jackson on the 8th January 2026.
Parliamentary Under Secretary of State (Department for Business and Trade)
The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.
We also remain committed to delivering a steel strategy in early 2026. The strategy will set out a long-term vision for a bright and sustainable steel sector in the UK and the actions needed to get there. Ministers and officials continue to engage closely with industry, trade unions and the Devolved Governments to ensure the final strategy delivers for businesses, steelworkers and the wider UK economy.
We do not anticipate any adverse impacts on British Steel or the availability of credit insurance for SMEs in the steel supply chain arising from the revised publication timing.
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.
We also remain committed to delivering a steel strategy in early 2026. The strategy will set out a long-term vision for a bright and sustainable steel sector in the UK and the actions needed to get there. Ministers and officials continue to engage closely with industry, trade unions and the Devolved Governments to ensure the final strategy delivers for businesses, steelworkers and the wider UK economy.
We do not anticipate any adverse impacts on British Steel or the availability of credit insurance for SMEs in the steel supply chain arising from the revised publication timing.
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The Government is committed to supporting the UK steel sector. Our decisive legislative intervention at British Steel has secured UK manufactured steel for nationally important projects like airports and rail and supported jobs and national security.
We also remain committed to delivering a steel strategy in early 2026. The strategy will set out a long-term vision for a bright and sustainable steel sector in the UK and the actions needed to get there. Ministers and officials continue to engage closely with industry, trade unions and the Devolved Governments to ensure the final strategy delivers for businesses, steelworkers and the wider UK economy.
We do not anticipate any adverse impacts on British Steel or the availability of credit insurance for SMEs in the steel supply chain arising from the revised publication timing.
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
My officials regularly engage with the Trade Remedies Authority (TRA), including on the upcoming Steel Strategy. The Government recognises steel production is an essential part of our national life, and it is in the public interest to support it.
The forthcoming Steel Strategy will set out our future vision for the UK’s steel sector as the UK’s steel safeguard expires, and will explain how we will create a competitive business environment to enable the sector to thrive.
Minister of State (Department for Business and Trade)
The British Business Bank measures and publishes the outcomes of its interventions and its assessment of the market for small business finance in the UK across several publications:
- The Bank’s Annual Report and Accounts
- An annual Impact Report
- Independent evaluation reports on individual programmes, such as the Regions and Nations Investment Funds
- Research reports including an annual assessment of small business finance markets and a Nations and Regions Tracker
The next Small Business Finance Markets report is planned to be published in February/March 2026, with the Annual Report and Impact Report in July/August 2026.
Parliamentary Under Secretary of State (Department for Business and Trade)
The metric used to measure the targeted increase is the total amount of finance, both debt and equity investment, committed by the Bank each year. This metric excludes guarantees. The new level of £2.5 billion in annual commitments - expected to be achieved from 2026/27 onwards - is a two-thirds increase from £1.5 billion expected in 2025/26.
Parliamentary Under Secretary of State (Department for Business and Trade)
The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.
Parliamentary Under Secretary of State (Department for Business and Trade)
The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Growth Partnership Fund I is anticipated to achieve a first close of the fund of £200 million by the end of March 2026. This amount will consist predominantly of private investment from UK pension funds.
The Department expects that following the first close, the British Growth Partnership will raise further capital in advance of the final close of the investment vehicle. The level of additional investment from pension funds will depend on market conditions at the time.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Growth Partnership Fund I will invest in later-stage, high-growth UK companies identified through the British Business Bank's pipeline, building on the Bank's established track record of backing high-potential science and technology firms. Due to the size of the investments and the nature of portfolio construction, the first close of the fund will benefit a limited number of later-stage venture backed businesses.
There is no employment target for British Growth Partnership Fund I. Previous evaluations of the Bank's venture programmes have demonstrated strong economic impact, including job creation and increased Gross Value Added.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Growth Partnership Fund I will be evaluated against its objectives by the British Business Bank, which will publish the findings. The evaluation methodology will be consistent with the Bank's approach to assessing its existing programmes. The overall evaluation strategy will include an early impact report within three years of the fund being established, followed by an interim evaluation.
The long-term nature of venture capital investing and the inherent challenges of increasing institutional investment into UK VC mean that the full economic impact will only be known in the long run, around 10 years after the fund has closed.
Parliamentary Under Secretary of State (Department for Business and Trade)
The British Growth Partnership Fund I is an investment vehicle designed to increase the amount of UK pension fund investment going into UK venture capital. While the fund is UK-focused, its objectives are fully commercial and designed to maximise investment returns to UK pension funds regardless of investment location. Other British Business Bank interventions address disparities in investment within the UK, notably the Nations and Regions Investment Funds and the Regional Angels Programme. In 2024/25, 84% of businesses supported by the Bank were outside London.
Parliamentary Under Secretary of State (Department for Business and Trade)
The Department for Transport leads on policy to reduce transport emissions and is making great strides in transitioning to greener aviation. Measures to date include introducing the Sustainable Aviation Fuel Mandate, delivering the airspace modernisation programme - which will see cleaner, quicker and quieter journeys - and providing nearly a further £1 billion of funding to support the develop of low and zero emission aerospace technologies through the Aerospace Technology Institute.
Details of Ministers’ and Permanent Secretaries' meetings with external individuals and organisations are published quarterly in arrears on GOV.UK.
Published declarations include the purpose of the meeting and the names of any additional external organisations or individuals in attendance.
Minister of State (Department for Energy Security and Net Zero)
Decarbonising the power system by building more solar will increase energy security by reducing the UK’s dependence on imported oil and gas, which will in turn reduce the exposure of consumer bills to volatile international prices. Currently the cost of electricity tracks the cost of gas because gas generation sets the marginal wholesale price. Decarbonising the power system would break this link and in turn the exposure of UK electricity prices to global gas prices.
Through the Clean Power Action Plan, the Government has made clear that where communities host clean energy infrastructure, it will ensure they benefit from it.
Minister of State (Department for Energy Security and Net Zero)
1 Department for Digital, Culture, Media & Sport Questions
(View all Gareth Davies's DCMS questions)A fully comprehensive assessment of the social and spiritual contribution churches, whether in their physical or congregational form, make to the nation would be beyond the scope or ability of any government. They provide sanctuary, enlightenment, succour, warmth and solidarity. They offer a space in which to celebrate, congregate and commiserate; a place in which to witness some of the greatest art and architecture, ancient and modern; and a venue to mark the great occasions of our lives as individuals, as a community and as a nation. For many people of faith they offer a sense of purpose, commitment and shared religious identity. In many cases they also offer rooms for voluntary groups, rehearsal spaces and act as our most important valuable visitor attractions.
In addition, the Government is aware of external research carried out by the National Churches Trust, which shows that for every £1 invested in church buildings there is an estimated Social Return on Investment of £3.74, which can go up to £18.10 when alternative wellbeing valuation methods are used.
Minister of State (Department for Business and Trade)
2 Department for Environment, Food and Rural Affairs Questions
(View all Gareth Davies's Defra questions)Ofwat, the independent economic regulator, monitors and reports on water company spending and financing through its annual performance report and its monitoring and financial resilience report. These documents are publicly available.
Ofwat’s five-yearly ‘price review’ sets the price, investment and service package for water companies in England and Wales. Ofwat’s Price Review 2024 (PR24) final determination by water company can be found here: Final determinations in the 2024 price review - Ofwat. This publication sets out the investment programme by water company, and therefore by region.
The Government has set out its new vision for water through a White Paper published on 20 January 2026. The White Paper sets out once in a generation reforms that will transform the water system for good, with a renewed focus on securing a fair deal for customers, investors, and the environment, to rebuild trust and secure a water system that works for everyone.
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
Ofwat, the independent economic regulator, monitors and reports on water company spending and financing through its annual performance report and its monitoring and financial resilience report. These documents are publicly available.
Ofwat’s five-yearly ‘price review’ sets the price, investment and service package for water companies in England and Wales. Ofwat’s Price Review 2024 (PR24) final determination by water company can be found here: Final determinations in the 2024 price review - Ofwat. This publication sets out the investment programme by water company, and therefore by region.
The Government has set out its new vision for water through a White Paper published on 20 January 2026. The White Paper sets out once in a generation reforms that will transform the water system for good, with a renewed focus on securing a fair deal for customers, investors, and the environment, to rebuild trust and secure a water system that works for everyone.
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
Through this Government’s commitment to the Triple Lock, the full yearly rate of the new State Pension is forecast to increase by around £1,700 by the end of this Parliament. This estimate accounts for potential income tax payable on the full new State Pension income alone, based on current legislation. Where people have other income, income tax may be payable, as has always been the case.
The Personal Allowance threshold is £12,570 per annum and frozen until 2027/28 then assumed to be uprated by CPI till the end of parliament (29/30). The new State Pension is £11,542 per annum and assumed to be uprated by Triple lock till the end of parliament. Economic assumptions for CPI and Triple Lock are consistent with OBR’s Spring Budget 2024 forecasts. OBR’s Spring Budget 2024 economic assumption forecasts are found here: Detailed_forecast_tables_Economy_March_2024.xlsx (live.com)
Secretary of State for Environment, Food and Rural Affairs
No such estimate has been made.
Secretary of State for Environment, Food and Rural Affairs
British Investment International (BII) is a core part of the Government's partnership with private finance to mobilise investment into emerging markets, unlocking economic growth and sustainable development. A central component of their role is a new £100m Mobilisation Facility announced by the Prime Minister at the UN General Assembly in October. As the press release describes, BII launched a Call for Proposals in January to partner with investors in the City of London to source the strongest concepts into which this Facility will invest to enable commercial investment to flow at scale into developing countries.
As the Prime Minister said in October, BII expects that the Mobilisation Facility will mobilise hundreds of millions of pounds into emerging markets. The Facility is monitored through Foreign, Commonwealth and Development Office's (FCDO) regular governance arrangements with BII, as its sole shareholder. These arrangements require BII to report to FCDO regularly, including through a formal annual report. In addition, the performance of the facility will be monitored and measured through an annual review process that FCDO conducts on all of its programmes. This annual review will further assess the progress, effectiveness, and value for money of the facility.
The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.
Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.
The Chancellor has discussed progress on the Taskforce with US Treasury Secretary Bessent and HMT officials continue to work closely with US counterparts. Both parties are keen to ensure the Taskforce is a success.
Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK
Economic Secretary (HM Treasury)
The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.
Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.
The Chancellor has discussed progress on the Taskforce with US Treasury Secretary Bessent and HMT officials continue to work closely with US counterparts. Both parties are keen to ensure the Taskforce is a success.
Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK
Economic Secretary (HM Treasury)
The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.
Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.
The Chancellor has discussed progress on the Taskforce with US Treasury Secretary Bessent and HMT officials continue to work closely with US counterparts. Both parties are keen to ensure the Taskforce is a success.
Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK
Economic Secretary (HM Treasury)
The £14.5 million of investment to support industrial projects in Grangemouth announced at Autumn Budget 2025 is in addition to the National Wealth Fund commitment.
Chief Secretary to the Treasury
The Government made a major intervention to ensure the long-term future of the Grangemouth site. As part of that, £200 million has been made available from the National Wealth Fund’s existing capitalisation for investible projects at Grangemouth.
The National Wealth Fund will be responsible for approval of specific investments, in line with its regular governance and investment processes, including Board approval where appropriate.
Chief Secretary to the Treasury
The OBR regularly reviews its forecast assumptions. As set out in its latest annual Forecast Evaluation Report, published in July 2025, the OBR noted that they are "currently conducting our regular summer supply stocktake, which involves research into our potential output forecast and its components."
As the Government’s independent official forecaster, the OBR has full discretion over the judgements underpinning its forecasts.
Economic Secretary (HM Treasury)
The OBR regularly reviews its forecast assumptions. As set out in its latest annual Forecast Evaluation Report, published in July 2025, the OBR noted that they are "currently conducting our regular summer supply stocktake, which involves research into our potential output forecast and its components."
As the Government’s independent official forecaster, the OBR has full discretion over the judgements underpinning its forecasts.
Economic Secretary (HM Treasury)
The National Wealth Fund is the provider of the Government’s loan for Sizewell C. This enables the project to benefit from the NWF’s operationally independent infrastructure finance expertise. Sizewell C is also a strong fit with the NWF’s mandate, as one of the UK’s top clean energy priorities, and will bring significant regional economic growth benefits.
Chief Secretary to the Treasury
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
The government is committed to delivering 1.5 million homes over 5 years as set out in the Plan for Change. The government is considering the potential impacts of proposed Landfill Tax reforms on housing delivery and government targets. We are working with the Department for Housing, Communities and Local Government to assess these impacts and support the delivery of 1.5 million homes.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
As part of the consultation on Reform of Landfill Tax, the Government has received a wide range of views from stakeholders, including representatives from the construction sector. Reducing the amount of waste material sent to landfill remains a key environmental objective, supporting the transition to a circular economy. The government recently published a 10-year infrastructure strategy that set out the government’s long-term plan for economic, housing and social infrastructure to drive growth.
We will continue to work across government and engage with stakeholders, including the National Infrastructure and Service Transformation Authority, to assess the potential impacts on infrastructure projects. This approach will ensure that infrastructure delivery is supported while advancing circular economy objectives.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The National Wealth Fund made a £28.6 million equity investment in the South Crofty tin mine to help de-risk the project and enable it to secure additional financing to operationalise the mine. The investment supports the continued growth and sustainability of Cornwall’s mining sector. The National Wealth Fund will continue to explore opportunities to support the South Crofty tin mine alongside private sector investment.
Chief Secretary to the Treasury
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
HM Treasury is working with Defra and the Environment Agency on the proposals set out in the consultation.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
Cornish Metals expect over 300 direct jobs to be created at South Crofty mine, with up to a further 1,000 indirect jobs being created to support the mining operation. The employment figures referenced in the HM Treasury press release were provided by Cornish Metals in their Preliminary Economic Assessment of the South Crofty project. This can be found on Cornish Metals’ website: https://cornishmetals.com/projects/uk/south-crofty/.
Chief Secretary to the Treasury
The commitment to invest £28.6 million into Cornish Metals was made by the National Wealth Fund and announced on 28th January 2025. The investment is separate to the £24 million equity investment into Cornish Lithium announced on 23rd August 2023 by the UKIB
Chief Secretary to the Treasury
The National Wealth Fund (NWF) is the provider of the Government’s loan for Sizewell C. This enables the project to benefit from the NWF’s operationally independent infrastructure finance expertise.
The NWF will repay the debt provided by HM Treasury following repayments made by Sizewell C to the NWF. The associated profit will be recycled to consumers, helping to keep the impact of Sizewell C on consumers’ bills low.
Chief Secretary to the Treasury
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
The government is committed to delivering 1.5 million homes over 5 years as set out in the Plan for Change. The government is considering the potential impacts of proposed Landfill Tax reforms on housing delivery and government targets. We are working with the Department for Housing, Communities and Local Government to assess these impacts and support the delivery of 1.5 million homes.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)
The government consulted on proposals for reform of landfill tax on 28 April following a call for evidence in 2021. The consultation closed on 28 July, and the government is currently considering responses.
The government is committed to delivering 1.5 million homes over 5 years as set out in the Plan for Change. The government is considering the potential impacts of proposed Landfill Tax reforms on housing delivery and government targets. We are working with the Department for Housing, Communities and Local Government to assess these impacts and support the delivery of 1.5 million homes.
The government will respond to the consultation in due course.
Exchequer Secretary (HM Treasury)